Study Guide for Come Into My Trading Room - Forex Factory

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ANSWERS 181 Chart A5-b through on that downside breakout and ticked up instead. Both MACD- Histogram and MACD-lines, as well as Force Index, have traced bullish divergences—higher indicator bottoms at a time when prices traced a deeper bottom. This is an excellent buying opportunity, with a tight stop immediately below the latest lows. Entry Ratings WEEKLY CHART A—Bullish divergence of MACD-Histogram: 1 point B—Bullish divergence of MACD-lines: 1 point C—Price below value, below both moving averages: 1 point DAILY CHART A—Bullish divergence of MACD-Histogram: 1 point A—Bullish divergence of MACD-lines: 1 point B—Bullish divergence of Force Index: 1 point C—False downside breakout: 1 point DECISION Go long wheat, with a stop below the current week’s low, and observe money management rules: 3 points. PASS POINT 7 B A C
182 CASE STUDIES Trade 5: Wheat—Exit Answer Chart A5-c entry long A B C D E Wheat slowly gathers steam, as it starts rallying from its multiyear low. Its daily ranges are narrow and prices do not outrun the EMAs very far. Slow rallies tend to persist longer than wild affairs. Still, it would be tempting to take profits in area A, after wheat manages to put some air between itself and its moving averages. Area B offers a good opportunity to reestablish longs or to add to the existing ones when wheat pokes into the value zone between the two EMAs. A conscientious trader calculates his EMAs daily, projects them one day ahead, and places his entry orders accordingly. After touching its EMAs in area B, wheat explodes into area C, where it offers a perfect profit-taking opportunity. Prices blow out of their channel into overvalued territory, accompanied by a bearish divergence of Force Index, which shows that prices are rising only out of inertia, as bulls have less <strong>for</strong>ce. Prices sink back to their EMAs in area D, tempting traders to reposition long; only instead of rallying they continue to sink, hitting stops. In area E both EMAs turn down, canceling the buy signal altogether. This is the end of the bullish campaign in wheat <strong>for</strong> the time being.
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STUDY GUIDE FOR COME INTO MY TRADIN
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BOOKS BY DR. ALEXANDER ELDER Tradin
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Copyright © 2002 by Dr. Alexander
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vi CONTENTS Part Two Answers and Ra
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HOW THIS BOOK IS ORGANIZED The firs
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QUESTIONS P A R T O N E
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8 QUESTIONS Questions Trial 1 Trial
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10 QUESTIONS Question 4—Stocks, O
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12 QUESTIONS Question 8—Types of
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14 QUESTIONS Questions 9 10 11 12 1
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16 QUESTIONS Question 12—Alcoholi
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18 QUESTIONS Question 16—Discipli
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BASIC CHARTING T H R E E Trading wi
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BASIC CHARTING 23 Question 20—A B
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BASIC CHARTING 25 Question 22—Bas
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F O U R INDICATORS— FIVE BULLETS
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INDICATORS—FIVE BULLETS TO A CLIP
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TRADING F I V E Beginning traders t
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TRADING 41 Question 41—System Tes
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TRADING 43 A. Trend-following B. Os
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TRADING 45 Question 47—Taking Pro
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48 QUESTIONS Questions 48 49 50 51
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50 QUESTIONS Question 51—Opening
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52 QUESTIONS Question 53—The Dail
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56 QUESTIONS Question 56—The Impu
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58 QUESTIONS Question 59—Exits Fi
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60 QUESTIONS Question 62—Trading
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62 QUESTIONS Question 66—Options
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66 QUESTIONS Question 71—The 2% R
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68 QUESTIONS Question 77—The 6% R
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N I N E THE ORGANIZED TRADER If you
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THE ORGANIZED TRADER 73 Question 83
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O N E FINANCIAL TRADING FOR BABES I
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FINANCIAL TRADING FOR BABES IN THE
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FINANCIAL TRADING FOR BABES IN THE
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92 ANSWERS AND RATING SCALES ings w
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94 ANSWERS AND RATING SCALES ten re
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BASIC CHARTING Answer 19 T H R E E
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BASIC CHARTING 99 Give yourself a p
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F O U R INDICATORS— FIVE BULLETS
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TRADING Answer 40 F I V E D. 1, 2,
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TRADING 113 Answer 44 D. 1, 2, 3, a
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DAY-TRADING Answer 48 S I X D. 1, 2
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DAY-TRADING 117 Give yourself a poi
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ADVANCED CONCEPTS Answer 54 1. E 2.
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ADVANCED CONCEPTS 121 At the right
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ADVANCED CONCEPTS 123 Answer 61 1.
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ADVANCED CONCEPTS 125 Give yourself
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MONEY MANAGEMENT Answer 68 E I G H
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MONEY MANAGEMENT 129 staring at a l
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Page 142 and 143: N I N E THE ORGANIZED TRADER Answer
Page 144 and 145: THE ORGANIZED TRADER 135 daily, and
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Page 150: LET’S TRADE: S E C T I O N CASE S
Page 153 and 154: 144 CASE STUDIES disciplined and ga
Page 155 and 156: 146 CASE STUDIES Technical analysis
Page 157 and 158: 148 CASE STUDIES Trade 1: Oracle Co
Page 159 and 160: 150 CASE STUDIES Trade 2: Sun Micro
Page 161 and 162: 152 CASE STUDIES Trade 3: Kroll Inc
Page 163 and 164: 154 CASE STUDIES Trade 4: Imclone S
Page 165 and 166: 156 CASE STUDIES Trade 5: Wheat—E
Page 167 and 168: 158 CASE STUDIES Trade 6: Vimpel Co
Page 169 and 170: 160 CASE STUDIES Trade 7: Internati
Page 171 and 172: 162 CASE STUDIES Trade 8: Biovail C
Page 189: 180 CASE STUDIES Trade 5: Wheat—E
Page 206 and 207: THE ROAD AHEAD You can learn to tra
Page 208: SOURCES Appel, Gerald. Day-Trading
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